Skip to main content

tv   Countdown to the Closing Bell  FOX Business  October 15, 2012 3:00pm-4:00pm EDT

3:00 pm
on this monday. this is countdown to the closing bell beginning rite now -- right now. we have a solid rally bursting through pretty much of the trading session today holding strong right now. here is why, you have been shopping. september retail sales numbers beating estimates on just about every single level coming in up 1.1%. it's the third month in a row they have been higher, but x things like autos and big-ticket items, still doing very well. where are investors are looking for retail deals? big box and luxury names doing well. wal-mart not only hitting 52 week high today but record high, all-time high for wmt. we have ralph lauren and coach also getting in on the rally. while we're at it, i just saw -- we should look at vf corp. the parent company of so many other big retail names. it too hitting 52 week high and all-time high. earlier today it was up more than $164 and change. so there you go, an all-time high for vf corp. which has been around for a long time.
3:01 pm
a big fish reporting earnings % this morning, citigroup, they beat the street's estimates by a long shot. shares of the bank right now moving higher by several percentage points, spending the entire day in the green. we are watching citi which is a widely held stock. also flip it over to jpmorgan showing some pretty decent afterglow from friday's earnings results. and shares of goldman sachs rally ahead of its earnings report tomorrow, and that comes out before the bell. all the good news boosting the markets today which are coming back to life after last week's losses. after six losing sessions, right now the dow jones industrials higher by 77 points. but at one point of the day, it charged ahead by 100 points. gold, though, let's take a look having the complete opposite reaction is falling about $20. ended lower for the second straight session as strength in the u.s. dollar, yes, the greenback, was doing so well metal's investment sparkle and a bunch of the metals as well. gold is plummeting. the dollar is muscling up.
3:02 pm
let's get right to the floor show. traders at the new york stock exchange, cme group and the nymex. ben willis, i want to get to gold falling $20 in just a minute but looking at equities today, this is a significant rally on a day where we're following six negative sessions. suddenly, equities look good. is this all the retail sales number that came out this morning? >> no, not at all. this is more has to do with china and their ability to export their economy. when china -- obviously one of the largest economies in the world -- can export, not only good for china, but that means other countries are buying so the economy is improving. that set the tone. citi bank continued the follow through. after six straight down days, the market is going to get some sort of relief rally. i think that's what we're seeing. the retail sales were definitely additive to it but with all those pieces together, not the least of which which is after six straight days you are going
3:03 pm
to get some kind of rally. the question will be how long it holds. liz: charlie, when ben talks about china, i don't want to get too into the weeds here, but when you see the iron ore exports from other nations are now going back into china, suddenly people say wow it looks like construction is getting back into gear after falling off for a couple of months. what do you see there at the chicago merc? what is catching your eye as it pertains to that and frankly these very good retail sales numbers? >> you brought up a couple issues there, liz. in terms of the china numbers, the iron ore numbers there was i believe last week one day iron ore prices bounced about 6%. starting to see some thoughts of china coming back this. if you look at actually rebar though, that they are producing, that they are using into construction, those numbers have been quite soft, so i'm kind of getting cross currents out of china. liz: charlie let me interrupt here. copper is down, wouldn't you expect if china is starting to look good, you would see high grade copper moving higher?
3:04 pm
>> that's why they call it dr. copper liz generally you see it as good indicator of overall economy. right now you haven't really seen that stuff bounce and that's one of the pieces of the puzzle that really don't fit. liz: ben? >> we're going to have to go into the weeds a little bit. dr. copper is just that. however, part of the function of the imports of copper into china, there are a great many warehouses because of the low cost of carry, they were carrying copper, so they still had a huge inventory build-up. iron ore didn't have quite the -- as you and i talked a week or so ago on iron ore shipments seeing that going up also iron ore prices up over 34% from their los and that's telling -- from their lows and that's telling you buying is going on. those are the positives. i'm not saying they are going to last forever, but those are the reasons for the rally today. >> watch coal prices because in order to manufacture the steel, they need coal to do it. if you take a look at coal
3:05 pm
prices, they are still rather soft. you have coal trading 6.35, 6.45 there which is still a rather depressed price. liz: why aren't we seeing oil rally and is it because it's denominated in u.s. dollars and the dollar is stronger? today we have oil down, natural gas, rbob gasoline, pretty much the entire energy complex moving lower. >> today was pretty much all about the dollar. about $1.50 lower at one point today and then rallied back to be actually in the positive for most of the afternoon. i think it was a complete play on the dollar. i think you will see strength in equities in the fourth quarter. you are going to see strength in oil. i think we're going to -- any pullback you get in oil is going to be a chance to buy it. i think we will be pleasantly surprised to the upside. liz: we will see what happens. gentlemen, great and lively discussion. thank you very much. still up about 72 points on the dow jones industrials so equities muscling ahead. let's pick this part apart. if you had to pick two sectors that pretty much look like -- and i hesitate to even say it
3:06 pm
because you say it and it starts to fumble again but looks like they are on the rebound, you could arguably say autos and housing. let's pick the next sectors that might throw away the crutches and say i'm healed because bell rock capital founder and chief investment officer says she knows which sectors are next. last time cassandra was here on march 24 of 2011 her favorite stock at the time was monsanto, up more than 30% since then. cassandra, do you still like it, quickly, on monsanto? >> still like monsanto. we would buy it here. because the long trend remains in place. population in the world is going to continue to grow, and that's the driver because we need seed technology. liz: we need food. okay. let us go straight here and say that there are people who still believe the fiscal cliff is coming, and europe is still a problem, and there's so much -- and i want to remain conservative yet pick sticks --
3:07 pm
pick stocks still. how do you go about doing that? >> you pull out a few hairs every morning. [laughter] yes we still have those issues in the backdrop, but you have to look domestically at what is going on, and we seem to have found a bottom in real estate. and so that is now for us a long trend going forward in place. liz: let's go macro and say do you like anything outside of the united states? or do you feel like you want to just nest around here? >> no, we do like things that have exposure outside the united states, but it is not necessarily their hugest percentage of revenue generating. liz: are you saying buy u.s. stocks that have a global footprint then? >> absolutely, yeah, and it is not all over the globe. i mean we like stocks like cinemark which i'm sure we will talk about. liz: we have talked about two sectors that looked like they have some sure footing and that
3:08 pm
would be housing and autos. great, we missed that. let's go on to what you feel will be the next winners. >> well, as i said, i think within housing there are so many different sub components. and it becomes not just real estate builders, but it's things like home depot and sherwin-williams that are kind of the next -- the next step in that. same thing within autos. it has to do with, you know, auto parts manufacturers. and that's going to happen for the next several years. assuming we stay on course and we don't go back into recession. liz: we were just talking about coal because we had our nymex trader saying watch coal. charlie from the cme said watch out for coal because too make iron ore and to deal with copper issues, you need coal. >> right. liz: what do you think about coal? >> i think it depends on who
3:09 pm
gets into office because our view is those are areas if romney gets elected will probably pick up steam, so to speak. liz: oil exploration is at its highest level since 1994 under president obama, the ccrrent administration. >> right. but yet, you still see people complain about some of the pipelines that have been shut down -- shut down and other initiatives that would probably pick up steam again. and coal as a source of energy would also be at the top of the list, not only for making steel but for energy in and of itself. so that's definitely an area of focus. and healthcare is also something. but again, i think that depends on who wins the election. liz: 51 minutes before the closing bell rings. cassandra is coming up. she teased you with saying cinemark but what else does she like? she will be naming names. for a while there, apple had a few brown spots that started to emerge last week and today
3:10 pm
technology stocks continue to trade under pressure even though the market is looking very good as apple still drags a bit. this's the nasdaq. -- there's the nasdaq. while it is up, apple is slightly down. but scott black says now is the time to buy certain super star names in techland. he's the chairman and president of delphi management joining us this hour to tell you which names in the sector have bullet proof balance sheets. you have to hear how scott black picks stocks. you know, he's one of a kind. he rattles this stuff off, but he's extraordinarily valuable as a stock picker. stay tuned. bob...
3:11 pm
oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor.
3:12 pm
wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. ou know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if y had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. [ male announcer ] fedex office. you see us, at the start of the day. on the company phone list that's a few names longer. yosee us bank on busier highways.
3:13 pm
on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow strongeand get back to work. everyday you see all of us rving you, around the country, around the corner. us bank.
3:14 pm
liz: when you own an ipo stock, this is kind of chart you want to see. it is our power mover of the day. workday just went public last friday. this is all we can show you as far as the chart is concerned. the initial price is $28 per share. check it out 52.34, up another 7 1/2%. this is a cloud-based hr software provider and shares are up 85% since that ipo day. workday's ipo was the largest venture-backed ipo since facebook and shares soared 75%
3:15 pm
on its first day alone. look at the fox 50 right now, get a better sense. you can see more green on the screen. of course we do have a big equity rally today. a lot of these names moving higher, but the laggard here happens to be wells fargo which came out last week and you saw the numbers there. right now wells fargo down about 49 cents. i could use a coffee right now in the form of dunkin brands. let's get the details from nicole at the new york stock exchange. nicole: i want to take a look at dunkin brands. you know them; right? coffee donuts and a whole lot more over there. let's take a look at how the stock is faring today on a heel of a calls of investment research that says that this company looks like enticing growth pick and they are really alluding to the outlook of the company and its long-term earnings growth trajectory looking good. seeing the stock here up about 3%. i have to say that the investment research also made some positive comments about the earnings momentum we have been seeing from krispy kreme
3:16 pm
doughnuts. that too has been one to watch based on their results and long-term earnings growth projection as well, calling this one a buy. putting these two together, both looking good. dunkin has outpaced krispy kreme year to date. both getting positive comments from analyst. last but not least, dunkin donuts is running some competition that if you don't like your lunch, you send in pictures and all this week you send in that, maybe by the end of the week you might win a $50 gift card to dunkin donuts. everything in there is really good. it is true. liz: have you guys heard of these tiny cupcakes for a fortune, but everybody is buying them, baked by melissa. remember i said that.
3:17 pm
nicole: yes. liz: thank you very much. the entire team has been working major market and stock stories all day. rich edson live from washington. jeff flock is in illinois but we will kick it off with adam shapiro in the newsroom with sprint, soft bank buying a huge chunk of sprint but maybe this should be called a clear wire deal. adam: when you work next to liz claman, you always hear it saying what does it mean for investor to make money and what does it mean for me as a consumer? sprint owns a 49% stake in clear wire. i spoke to an analyst, over at evercore partners and he was explaining to me look what this means for sprint is they now have the cash to continue building their 4 g lt network to catch up with verizon and at&t. but down the road, say, three pour years, you are looking at a company, sprint, that already has no strings attached unlimited data plan, data consumption among consumers doubling every 12 months and clear wire has the spectrum space that allows sprint to grow
3:18 pm
as you are going forward. they see upside potential for sprint. today shares went up a bit. last check they were down. but sprint, he's feeling pretty positive about sprint. liz? liz: okay. here we go, there's the clear wire chart. this was just a simple 1, 2 dollar stock for a while, but then you telegraph this kind of move -- dollars deal on the table. soft bank saying don't need to move on clear wire but everyone is expecting that's the next thing. why not go there. liz: verizon, at&t, it's either -- what do you have, verizon or at&t, will sprint take these guys on? adam: that's still further down the road. sprint is going to be 56 million customers. they're behind on 4 g lte and one of the things the soft bank ceo said, look -- [inaudible]. liz: you used to have your office next to rich edson in d.c. let's get to him right there. both president candidates campaigning on need for energy
3:19 pm
independence. shouldn't we protect ours and use up the bad guys? >> i will clear something up too. not next to, we shared the same office. [laughter] rich: according to to this report, new chamber of commerce study analyzes country's energy use and available resources. it says americans earn about the same spot as we were in 80. that's good enough for 7th internationally. mexico tops that list. the u.s. is ahead of china and russia. though energy officials say technological advances in recovering natural gas mean a much more secure energy future for the united states. as for the campaign, president obama first term featured unprecedented federal support for green energy and higher efficiency standards. the president says that's one of the best ways to reduce oil imports. it is just to simply use less oil. governor romney says that strategy has fallen short as renewables are largely too expensive to be competitive. he say he is would roll back
3:20 pm
regulations to encourage more domestic coal and oil. the chamber says there are a host of factors determining u.s. energy security over the next decade and the u.s. has potential to significantly reduce oil imports over that time by encouraging american sources and energy efficiency. liz? liz: but the big number today is that we are at the highest level of oil exploration since 94. that's the "wall street journal"'s front page article. rich: right, liz, and to get to that point, it is going to take a few years. this is a snapshot in time, this study. this is where we are right now. and they are hopeful and optimistic on both ends, that we can become more efficient on one end, all this exploration and natural gas with begin to supplant some oil we are using and move forward in a more sustainable way than we are right now. liz: let's get to jeff flock in illinois where grocery shopping just got easier. jeff? okay. as you heard him say, i don't
3:21 pm
have her. we will be right back. the closing bell is ringing in 40 minutes. 22 days to go until the presidential election. coming up, charlie gasparino. you just heard cassandra talking about this, depends on who wins as to what sectors you might want to invest in, does it really? charlie will break down what your portfolio should look like if we see another term with president obama or if mitt romney wins. that's when we come back.
3:22 pm
3:23 pm
3:24 pm
3:25 pm
liz: investors have lots to worry about these days. you have got the unpredictable stock market, trading errors -- forgot about that. that too, flash crashes, the up
3:26 pm
coming presidential election. you might want to crawl under a rock, maybe, when it comes to your money. don't do that. there are investments to be made no matter who wins the presidential election. charlie gasparino with whom i was whispering has -- >> i don't give people stock recommendations. i stay away from that. liz: that's why i thought why -- this is interesting that he's doing this. >> here's the thing, because -- i spoke with larry mcdonald from new edge. good trader. liz: former lehman guy. >> wrote a best-selling book. i said listen there has to be ways to make money off of whoever gets elected because both of them will come with fiscal policies. president obama will have a new agenda in a second term, if he wins. mitt romney will have a much different agenda. there has to be some broad areas we can talk about. you know, all things being equal, we know the interest rate environment is going to stay the same. some of this is simplistic but i wanted to give viewer as couple guide posts on what to look for. i think it is good enough -- just take it for what it's worth.
3:27 pm
you don't have to act on it. but these are sectors. if obama wins -- larry and i spoke about an obama portfolio, what would that be? well, you know, hmo and insurance stocks. okay if president obama wins a second term, no matter whether republicans take house or senate, they will will not be able to reverse obama care. homs and insurance -- hmo's and insurance stocks -- you want those because obama care is going to force you into buying insurance and hmo's will do well. there's some other things you can do. a lot of people say, you know, obama's bearish for the markets, probably bearish for the economy because he's going to raise taxes, you name it, they say get into some defensive stocks as well, food makers and booze, anheuser-bus anheuser-busch, usually do well if the economy stays in tepid growth rate or goes into a double dip, which is possible if the president goes through with his plan to raise taxes.
3:28 pm
so the other thing is, you know, you might want to buy investment grade bonds, low risk for default, you get that yield, you get those coupon payments on buying something like a ge bond or whatever. you know, there are some names of some decent investment grade bonds. okay. that's the obama portfolio. like i said, broad strokes and there's lots of variables that come in here. congress is a big variable. we won't go there just yet. here's what happens if romney -- now that looks like a ceo -- doesn't it? you are saying we didn't make romney look better than obama. why are financials good? romney has come out and said he wants to blow out parts of dodd frank. medical device makers, he wants to blow out parts of obama care. apparently there's a tax on medical device makers. he wants to get rid of that. go down the line, defense stocks, pretty good; right? he's not going to cut defense clearly as much as president obama. you might want to buy high yield
3:29 pm
bonds. why? because he's going to have lower taxes. it could be better for the general market and the economy. guess what? high yield bonds as opposed to investment grade bonds will outperform. those are some of the broad -- why don't we show that romney graphic one more time? liz: as we do, let me make a point about defense. you know, when they dealt with the fiscal cliff, it was built in and then if we show the obama one, you know, you can see what his ideas are and whether he's wearing the same colored tie. >> the last thing was muni bonds which is interesting. why is that an important investment decision? well, if you think that the economy is going to get better, what's causing -- meredith whitney -- >> she's the analyst that said
3:30 pm
they would all default. >> that never came true. they are under pressure is because the economy is tepid, not growing very fast, if we get better economic growth which a lot of people think that romney's tax plan, the lowering of marginal rates, plugging in loopholes which are still undefined but that's what paul ryan has come up with, saying he doesn't want to debate this, people think we can get better economic growth well those muni bonds could prosper under that. ryan has a fund-raiser tonight at the waldorf. i was not invited. but it's interesting because a lot of people -- the chatter among the big g.o.p. donors -- i was just where they hang out -- they are saying they expect possibly romney a day before the debates which are tomorrow, right, the second debate, to make a walk-through. do like a guest appearance. why is that? a lot of people think he feels pretty confident about tomorrow. he's not going to overprep. that's the rumor. that's the chatter. not going to say it is going to
3:31 pm
happen. we have no information that it is going to happen. but that's what a lot of people are saying. liz: we will put charlie's thoughts up on facebook page. thank you very much. closing bell ringing in 30 minutes. look at this, up 95 points. high of the session, up 100 points. will we best that? 12 companies in the s&p 500 hitting 52 week highs today. couple of those are hitting all-time highs. coming up, we're hearing from delphi management chairman president scott black about why he thinks the s&p is undervalued, even though it is up 16% over the past year. he says that's undervalued and why you should be buying now, but what? he names names. he's finding the best opportunities for you. plus giving you a little schooling on how he finds stocks he loves.
3:32 pm
3:33 pm
3:34 pm
3:35 pm
3:36 pm
>> i am robert gray with your fox business brief. shares are shooting up. the oil giant looking to unload 100,000 acres of underdeveloped oil and gas properties in south texas. currently owning 335,000 acres in the area. starbucks says it his partnershp with mexican franchisee may be a bright spot for the coffee chain giant. the chief executive says the local franchise operators on track to offer more than 50 new locations in that nation. general mills join the fight against obesity. the company plans to cut by as much as 30% the amount of sugar and salt content in children's cereal they fell together overseas. more than 5 billion portions of cereal could be affected by the switch.
3:37 pm
and we continue our countdown to the closing bell with nicole petallides at the floor of the new york stock exchange. nicole: thank you, robert. xbox music coming your way and not good news for pandora. down 3.5% right now for pandora. but this is all about microsoft announcing details of the new plan overhauling the whole program, their whole online music service. it is a new service much like spodify or pandora, an ad-based type service streaming music almost $10 per month, $9.89 per month and available on the xbox. you can only get it on the
3:38 pm
operating system due out october 26. a free streaming feature of xbox music. this is a big deal for microsoft and will give them a nice competitive edge against apple, which doesn't have streaming music. back to you. liz: i like it, thank you very much. i told you the s&p had gained 16% with all the worries out there, might you say okay, i am not doing anything more, have a great return on my money, that is it for at least a year? now may be a good time to move into certain stocks according to scott bloch, because the s&p has more room to run? great to have you, why do you feel that way looking at a 6% gain pretty healthy, pretty exciting and we shouldn't want too much, perhaps. >> if you look at the statistically, around 101.50 in
3:39 pm
earnings this season. 14.1 multiple. given the low level of interest rates, the stock market is cheap. look at the postwar era, 14 to 15 times. that is the large-cap index. if you look at small-cap like the russell 2000 and mid-cap russell 2500, roughly 177, 17 times prospective earnings respectively. they are a lot more expensive. individual stocks such as one i will give you a little later, but for the most part small and mid-cap has been well picked over in this rally. liz: the s&p you feel is not too risky right now? there is the opportunity. >> right. we saw in the last quarter revenues only up about 1.9%, earnings up, and if you'd asked, probably negative. on a realistic basis probably corporate earnings in the quarter just ended will probably be flat up 1% at best, but still
3:40 pm
on absolute basis, p. are inexpensive. liz: say we have a shovel and a basket and we're looking to fill that basket with stocks. how do you look for the best possible stocks right now? what are those metrics? >> look at return on equity. 15% or more, companies with strong balance sheets and positive cash flow and the most important thing, we're absolute value, like buying companies witt single-digit multiples so you don't pay up. referred to as the margin of safety, you find stocks with high hourly and good growth prospects we should not pay for the privilege of owning them. liz: what must you think when you see citigroup, the r. oe not nearly as healthy as some people would've liked to see jumping
3:41 pm
5%, you don't get hooked into something like that? >> we try to own banks that are well-run. those are well reserved against nonperforming assets and are not really turnaround situations, they're pretty consistent growers with good management. liz: let's get to name energy like a lot of people might not have heard of. this name, which i find so interesting at an annual high around $24, but not quite there yet. nonetheless, what is it and why do you love it? >> is a tiny company. the earnings are exploding, they should be close to $2, $2.60 next year. they have a strong balance sheet, production growing at about 150%.
3:42 pm
also more heavily oiled, 72% lipids and only 28% gas and obviously wants to own liquids. 50% of the oil production is hedged for next year above $90 per barrel. liz: nicklas just raised the price target, 22 to 30, watching for that. tech has lagged, the nasdaq looks pretty healthy overall, not all technologies, it is not necessarily that, but let's talk about some names you really like in the technology world because it is still a good opportunity here. >> they're in network security, spyware, if you have a big corporation, fortune 1000 he wanted a laptop and pc, they're the company of choice. over 3 billion in excess cash,
3:43 pm
$15 per share, absolute no doubt that top line continues to grow, the bottom line for buyback, margin improvement. if it is only two points on the year, paying 8.9 times earnings for a great rate company. everybody is looking at cyber warfare, computers, this is a terrific company. they continue to grow. roughly 30 5:30 8% of the business is in europe, but it is priced into the stock and this is a great entry opportunity for people who don't know the company. liz: i want to get to the two names you say to stay away from. managers are looking at spending less perhaps, manufacturing is somewhat kind of pulling back a bit so you say people should stay away from certain
3:44 pm
materials. >> i would say all the other companies in that space, not just picking on them. they have great balance sheets, but unfortunately we have not come to the inflection point yet where earnings will start trending up. earning comparisons are still way down. liz: you're saying to avoid it. what is your head like? are you just combing through all these statistics? >> usb good questions. i want to be prepared for your audience. liz: good answer. sorry about your red sox. >> thank you, liz.
3:45 pm
liz: 16 minutes before the closing bell rings. financials continue to cash in. citigroup really good today beating the street. after the break, back with the name of one big bank betting on right now. for some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter.
3:46 pm
3:47 pm
3:48 pm
3:49 pm
liz: the dow jones industrials up 19 points and the market following. the nasdaq butter by 17 on this
3:50 pm
update. this is a good dividend. hitting a record high today. those are all hitting highs again today. really pretty broad-based rally getting affected. sandra is investing conservatively with two stocks. your first pick, not parker and gamble. >> i love this stock. it is just a steady eddie stock. if you go back and you look at the chart for years and years, this stock has done well in any kind of market.
3:51 pm
the own brand is that we all use and we just don't realize it. so the reality is they continue to buy occasionally new brands to their portfolio, they do a tremendous job integrating them and leveraging those brands. so i think this is the kind of thing you want to own. liz: your next one is a little dicier. this is a movie theater chain. in south america and the u.s. they have a great dividend. >> they have a great dividend and yet it has a growth component to it because they are expanding in the latin america market. as you mentioned it is a little
3:52 pm
bit dicey because they have a theater where the shootings were. liz: the dark night, and they are being sued for that. >> that was not anything they caused, let's face it. it is a good solid dividend paying growth company which is somewhat of an oxymoron, but it is there. liz: he likes the ones he gets picked, not sort of the most famous ones, which bank you prefer in their portfolio? >> bank of america. they seem to have such a rough time over the last few years because of their mortgage exposure. now that's a good thing for them. this is a record year for refinances and they are participating in that. so they don't have, citi
3:53 pm
obviously reported today. bank of america is more focused, their balance sheet is cleaned up, they get better, not worse. from the evaluation perspective, it is very cheap and yet you are buying is less than $10 per share. liz: the dow jones industrials, the big board, looking at it up 99 points. on a day we got good retail numbers, decent news out of china they may not be falling into the abyss. for people who allow fear to dictate their investments, what do you say to them? >> certainly they're going to be some potholes in the road, you have to continue to look at what your long-term trends are and stick with it, don't be afraid, you're already buying the stocks in some cases at very low prices compared to where they were a
3:54 pm
couple of years ago. liz: a stock that is rallying on very good news in the fight against cancer, specific type of cancer. you need to hear this. bob... oh, hey alex. ju picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners.
3:55 pm
i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe,
3:56 pm
i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bnchitis and emphysema. it should not be taken more than twice a day. symbirt may increase your risk of lung infections, osteoporosis, d some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking it. with copd, i thought i'd miss our family tradition. now symbicort significaly improves my lung function, starting within 5 minutes. and that makes a difference in my breathing. today, we're ready for whatever swims our way. ask your doctor about symbicort. i got my first prescription free. or click to learn more. [ male announcer ] if you can't afford your medication, astrazeneca may be able to help. he loves risk. but whether he's cing everest, scuba diving the great barrier reef with sharks,
3:57 pm
or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket scice. it's just common sense, from td ameritrade. liz: health care in general doing very well. a lot of this has to do with eli lilly. $2.03 jumping higher on positive news about a chance that had positive results, we always like to see this because it gives help for patients but also for shareholders a very good day,
3:58 pm
and a great day for stocks. we jumped through the earlier high of the session up 100 points for the dow jones industrials. look at the s&p on our little ticker above the 1400, it is a nice day for all stocks, let's go over to ashley webster in for david asman. ashley: thank you. i like your handkerchiefs. how about the financials in the last hour who loved america. i don't know if the bar is being set so low everybody can walk over it but citigroup is pretty good. jpmorgan pretty good, so the financials are looking good. liz: we don't have to wait for nicole petallides, there on the new york stock exchange. confirmation of a story that roque friday, sprint is turning japanese. nicole: that is right, actually hire most of the day, drink the
3:59 pm
red late in the day, but that is right. acquiring 70% of sprint. the largest deal of its kind, coming in for american company. ashley: obviously financials mixed with the clear winner no doubt about it, citigroup to beat expectations to get the day going. nicole: if you are citigroup shareholder you're happy today. the beat on revenues and earnings, now lots of folks are looking forward to tomorrow's numbers from goldman sachs and the talk is those will be good as well. liz: barclays likes the drug sector. barclays raising the price target on five companies. slightly down, but the rest moving higher. nicole: eli lilly you were showing earlier the cancer drug, these names in particular jumping with several

116 Views

info Stream Only

Uploaded by TV Archive on